Tata, BMW to hike prices in India as Iran war drives up metal costs
Iran tensions
Strait of Hormuz closure makes materials, logistics more expensive
Tata Motors will start raising its prices in April. (Photo by Takanori Okabe)
MUMBAI — Major automakers in India plan to raise prices next month, as rising materials and logistics costs caused by turmoil in the Middle East create headwinds for a market where sales have been strong.
